‘Wind down’ is not withdrawal but watch negative news flow in the US; treading water is not growth so keep the champagne on ice for Europe; price is not value so beware investor sentiment; falling unemployment is not rising employment so watch the participation rate; and a hiccup is not a correction so keep an eye on an exit…
EUR/USD’s recent selloff might soon be over, as the pair formed a double bottom on its 1-hour time frame.
NZD/USD is forming a rising channel on its 1-hour time frame, after having bounced off the bottom near the .8200 major psychological support.
In reviewing the EIA weekly petroleum report, the oil imports figure came in at 6.889 (Million Barrels per Day) for the week ending 01/10/14. This number compared to a year ago 8.030 (Million Barrels per Day) puts a nice cap on the downtrend which really started gaining steam in 2010 onward.
The thought of investing in Qatar or Kuwait may seem like a daunting task for most American investors. When in reality it could be as simple as buying one ETF in your online brokerage account.
Just over a year ago, many analysts were writing off electronics mega-retailer Best Buy (BBY, quote) for dead.
The USDJPY pair rose during the session on Tuesday, breaking above the highs from the Monday session as well.
From a dog to a darling, Japanese stocks (EWJ, quote) have finally found favour. After returning 52% for investors last year, there are still 5 reasons this market has further to go, with opportunities most have missed. There is the potential for a catch up within the stock market, mispricing, earning growth, restructuring and increased buying. Sectors to benefit from reflation and growing domestic demand within a still unloved part
USDCAD remains in uptrend from 1.0588, the fall from 1.0945 could be treated as consolidation of the uptrend.
GBP/USD is still on an uptrend, despite the sharp selloff that occurred recently.
